Personal current accounts in the UK follow up response to OFT1123(PDF) 28th February 2010   Personal current accounts in the UK Legal Beagles follow up response to OFT1123 February 2010

http://www.bailii.org/ew/cases/EWHC/QB/2009/3417.html The following is a brief summary of the principal findings and conclusions set out above: (1) A creditor can satisfy its duty under s78 by providing a reconstituted version of the executed agreement which may be from sources other than the actual signed agreement itself; (2) The s78 copy…

RBS Documents 2b RBS Documents 2a RBS Documents 2c RBS Documents 2d RBS Documents 1c RBS Documents 1b RBS Documents 1a

We strongly urge the Office of Fair Trading to continue their investigation into the fairness of personal current accounts. We also urge the Governmen to take action and ensure the OFT have the necessary resources to take the investigation forwards.     Following meetings between consumer groups, including Legal Beagles, Penalty…

In July 2007, the OFT, seven banks and one building society, and the Financial Services Authority, signed a litigation agreement with a view to bringing a test case to resolve the relevant legal issues concerning the fairness of unarranged overdraft charging terms under the Unfair Terms in Consumer Contracts Regulations…

McGuffick v RBS is an important case and one in which the judgment has been quite contentious. Creditors are using the case to threaten debtors with continued reporting to credit reference agencies despite being unable to show the enforceability of a consumer credit agreement in court. We would like to…

When any correspondence is received regarding the repayment of a debt, the first problem that needs to be addressed is:- Has the letter been received from your original creditor? This means exactly that, is the letter from the original company that any loan, credit card, account was taken out with.…

First Rule: NEVER talk to them on the phone as they will say anything to secure payment. Keep EVERYTHING in writing as this will supply an excellent paper trail should the need arise. Second Rule: Admit NOTHING. Now bear in mind that DCA’s are simply commission based “agents” and are…

LETTER # 1 Ask Your Creditors to Hold Action on Your Account Dear Sir/Madam Re:- Account Number: xxxxxxxxxxxx We wish to inform you of a recent change to our circumstances. We are seeking urgent advice and assistance regarding our current financial difficulties. To this end, we would very much appreciate…

Bank of Scotland v Mitchell case in the Leeds County Court. Derek R Halbert Designated Civil Judge, Cheshire. 12th March 2009. Mitchell Vs Bank of Scotland (June 2009) Below is the transcript of the recent Bank of Scotland v Mitchell case in the Leeds County Court. IN THE LEEDS COUNTY…